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Fight for your 0.50 rate cut!

Posted Thursday, 03 May 2012 at 12:24 by Shape Home Loans
Tagged: home loans | interest rates | Home Buyer | First home buyer | Mortgage reduction | Promotional rate | Hint/Tip
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 Fighting for your 0.50 RBA cut.

 

-0.30

-0.32

-0.35

-0.40....

 

The numbers above represents the amount of the  RBA rate cut some of the top banks has passed down to us consumers, for many mortgage holders any rate cut is a good cut!  But here at Shape Home Loans we believe it's time for a fair cut; as we don't only want a good cut...we demand a GREAT CUT!

 

Due to our bargaining power and relationship, we will be in the position to offer up to the FULL 0.50 rate cut with the same banks - ING, Adelaide bank, Advanatge etc....

 

Example: ING

 

http://www.ingdirect.com.au/home_loans/interest_rates.htm

 

Current ING rate

Mortgage Simplifier -  6.72%  ------ After RBA 0.30 rate cut = 6.42% As of 11 May 2012

 

Our ING rate ( we will pay for all negotiation cost and any out of pocket expenses, so it will be the SAME bank and SAME product) 

Mortgage Simplifier - 6.72% --- After RBA 0.30 rate cut + our negotiation offer = 6.26% as of 11 May 2012

 

Our 2nd ING rate offer ( Not direct with ING, but under written and funded via ING)

ING Solutions loan - After RBA 0.30 rate Cut + our negotiation offer = 6.07% as of 11 May 2012ING rate cut

 

 

ING rate cut offer 

LENDERS ING BANK DIRECT ING BANK DIRECT -Shape Loans Mortgage Manger (ING)- Shape Loans
Rate (after RBA) 6.42% 6.26% > $3000,000

6.17%
Redraw , I/O, Extra repayments Yes Yes Yes
Set up cost $220 $220 $500
Online Banking Yes Yes Yes
On going fee/ Annual fee None None None
Up to 95% Yes Yes Yes
Loan managed and serviced by ING ING A Mortgage Manager
Funder/ Bank ING ING ING

 


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